The world Bank (WB) in the progress report notes that Russia’s economy slowly moves forward, while recognizing more than half of Russians – 51% – “vulnerable population” (residents whose income is in purchasing power parity below $ 10 a day in 2005 prices).
Efforts to ensure the growth of welfare of citizens, which was observed in Russia in recent years, were virtually wiped out, said in a 36-m “Report on the Russian economy” , world Bank.
In 2016, the Russian economy continued to adapt to lower oil prices and economic sanctions. Amid a steady fall in real incomes, domestic demand remained low and the adverse external environment has provided a strong impact on economic growth in the country. In virtue of these reasons, the recession continued, although the pace of decline in GDP slowed, the report of the world Bank.
Formally, the level of poverty has decreased, this contributed to the slower growth of the subsistence minimum. It is thanks to him “some households belonging to the lower part of the income distribution were able to get out of poverty, despite a slight increase in nominal revenues,” analysts of the world Bank.
Note, in the published this week the report of the Institute of social policy Higher school of Economics (HSE) “Russia’s Population in 2016: revenues, expenditures, and social well-being” States that the share of Russians who evaluate the financial situation of their families as bad or very bad (poor self-assessment of financial position) amounted to 22%, or about 30 million people, and the proportion of those who have money enough to buy clothes (poor self-assessment of affordability), now in Russia is 41%.
At the same time increasing the level of poverty among single households (from 47% in July to 60% in September) and households with two or more children (from 39% to 45% – maximum value over the whole observation period).
The document is based on the Rosstat data on incomes, expenditures and consumption of households, Polls on social attitudes and monitoring HSE social well-being and poverty.
According to the report, HSE, September this year was the twenty third consecutive month of decline in real incomes. In comparison with October 2014, when I finished their growth, the drop was 14% to 30.1 thousand rubles in September 2016.
In the third quarter of this year, according to Rosstat data, the loss in real income of the population amounted to 6.1%, while overall for the first nine months of the year to 5.3%. The average salary in September, by contrast, in real terms, increased by 2.8% compared to September of 2015, but totaled only 92.1% of the level of September 2014 (36,1 thousand rubles). For the entire period of decline in incomes, real wages fell by 7.4%.
But at the same time citizens have less fear of losing a job, income or the ability to buy products. The report’s authors believe that this indicates the adaptation of the population to economic difficulties.
HSE experts noted the positive assessment by households of their position, despite a decline in all indicators (job loss, reduced income, lack of access products) by 7-10 points. With the exception of certain groups of citizens such as rural residents and workers. There is growing pessimism about the future of the economy – in September the share of people with such views in comparison with June (46%) increased to 49%.
In the latest issue of “monitoring of the economic situation in Russia” prepared by the Gaidar Institute, the Academy and the Etta, it is notedthat slightly more Russians positively assess the current economic situation in the country. The improvement in September noticed a 7.4% vs. 3.6% in September 2015. However, a 45.7% sure that it has not changed.
In addition, increased the share of those who considers it possible quick exit from the current state (13.7 per cent) while reducing since February the number of those waiting for the continuation of the crisis in the next year or two (to 27.1% from 37.2% at the beginning of the year).
The day before, according to RIA “Novosti”, the head of audit chamber Tatyana Golikova at hearings in the Federation Council reported that approximately 20.5 million Russians in 2019 will receive income below the official subsistence level, that is actually to be below the poverty line.
According to the forecast socially-economic development of the Russian Federation in 2017-2019, the state Duma, the population with incomes below the subsistence minimum to the total population will increase in 2016 compared to 2015 year and will amount to 13.9 percent, in 2017 – 13.9% and in 2018 is expected to grow further and will reach 14.1 percent and in 2019 will be reduced to 13.9%.